HSBC Advance Credit Card

HSBC Advance Credit Card

HSBC Advance Credit Card

HSBC Advance Credit Card

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Earn up to 2.5% Cashback | Instant Activation*
The HSBC Advance Credit Card is best suited for individuals with consistent monthly spending, especially those who can reliably spend over S$2,000 to unlock the higher 2.5% cashback rate. The base 1.5% cashback on all purchases offers a no-fuss way to earn rewards on everyday spending. While the S$70 monthly cap limits earning potential for high spenders, access to ENTERTAINER with HSBC provides 1-for-1 dining and lifestyle deals, adding significant value if actively utilized.
1.5%
Base Cashback
2.5%
Cashback when you spend more than S$2,000
S$70
Cashback Cap per month
MoneySmart Exclusive
HSBC Application Website is Currently Unavailable

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Valid until 21 Jul 2025 - See more details below

Quick Facts

Get the maximum value by

earning up to 2.5% cashback if you regularly spend more than S$2,000 per month

Good for

Homeowners and individuals with consistent expenditure between S$2,000 and S$2,800 per month

Categories to maximise this card

Every spend such as online, retail, and dining transactions

What people use it for

As an everyday card for daily transactions

Get if

You spend consistently, appreciate fuss-free automated cashback into your account, and enjoy lots of retail and dining deals and promotions

All Details

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HSBC Advance Credit Card Benefits 2025

As one of HSBC's foray into cashback credit cards, the HSBC Advance Card extends cashback incentives across diverse spending categories, including eligible dining, groceries, and travel. Besides that, it offers supplementary card advantages tailored for HSBC Advance banking clientele.

If you’re contemplating on getting the HSBC Advance Credit Card, let's delve into its prerequisites, advantages, drawbacks, and more, before you make a decision.

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Pros & Cons of HSBC Advance Credit Card

Pros ✅

  • Earn up to 2.5% cashback on eligible local and overseas purchases:
  • 1.5% cashback with no minimum spend
  • 2.5% cashback with minimum $2,000 spend per month
  • $196.20 annual fee (with complimentary first year fee waiver)

    Subsequent annual fee waivers require minimum $12,500 annual spend
  • Access to 1-for- dining, lifestyle and travel promotions via HSBC ENTERTAINER
  • Discounts including up to 15% off Agoda bookings, up to 10% wallet credit rebates for Booking.com, 8% off Expedia hotel bookings, and more
  • Broad range of spend categories to earn up to 2.5% cashback including rarer ones like wedding costs and home renovation expenses
  • Up to S$1 million complimentary travel insurance coverage against flight inconvenience and personal accident
  • Gain access to a 24/7 digital Visa Concierge assistant and lifestyle guide for all things curated services, amenities, and more
  • Up to 5 complimentary supplementary cards available, with no annual fee for life

Cons ❌

Find out more about the HSBC Advance Card on our blog!

Read Card Review

Comparison: HSBC Advance Card vs. SCB Simply Cash Card vs. Citi Cash Back + Card

When it comes to cashback benefits, the HSBC Advance Card provides the best variety and better cashback rates than the other two cards, with its maximum tier offering 2 times more the cashback value than the Citi Cash Back + Card and Standard Chartered Simply Cash Card.

However, unlike the two unlimited cashback cards, the HSBC Advance’s cashback is not limitless. Its base cashback is capped at $70 cashback per month, regardless of the 1.5% or 2.5% cashback tier. Plus, in order to achieve the maximum 2.5% cashback, you’d have to spend at least $2,000 per month. So for low monthly spenders, this might be a considerable caveat.

In terms of annual fee, all of the three cards charge the same rate of $196.20 and a complimentary first-year annual fee waiver. However, what sets the HSBC Advance Card apart from the rest is that you can get a perpetual fee waiver with a minimum $12,500 annual spend. So if you spend at least $2,000 per month, you can easily hit this amount within 7 months or less.

HSBC Advance Card

Interest rate: 27.9% p.a.

Annual fee: $196.20 (First year waived)

Minimum annual income:
  • $30,000-$40,000 for Singaporeans and PRs
  • $40,000 for foreigners

    • Cashback benefits:
  • Up to 2.5% cashback on all local and overseas spend when you spend more than $2,000 per calendar month
  • Base cashback of 1.5% on all purchases with no minimum spend
  • Exclusive access to HSBC ENTERTAINER with HSBC Singapore mobile app, enjoy over 1,000 worldwide 1-for-1 deals on dining, lifestyle and travel
  • Up to S$1 million complimentary travel insurance coverage against flight inconvenience and personal accident
    • Citi Cash Back + Card

    Interest rate: 27.9% p.a.

    Annual fee: $196.20 (First year waived)

    Minimum annual income:
  • $30,000 for Singaporeans and PRs
  • $42,000 for foreigners

    • Cashback benefits:
  • 1.6% unlimited cash back on eligible spend all year round
  • No minimum spend required and no cashback cap
  • No expiry for cash back earned
  • Earn 0.4% bonus cash back on eligible spend (only valid for Citi Plus customers who are Primary Account Holders of a Citi Interest Booster Account)
  • Up to S$1 million complimentary travel insurance coverage when you charge travel tickets to card
  • Instantly redeem cashback for cash rebate via the Citi Mobile App or SMS any time, any place
    • SCB Simply Cash Card

    Interest rate: 27.9% p.a.

    Annual fee: $196.20 (First year waived)

    Minimum annual income:
  • $30,000 for Singaporeans and PRs
  • $90,000 for foreigners

    • Cashback benefits:
  • 1.5% unlimited cashback on all eligible purchases
  • No minimum spend required and no cashback cap
  • Exclusive The Good Life®️ lifestyle, shopping, and travel benefits at over 3,000 outlets across Asia
  • Receive $30 Caltex vouchers for fuel purchases upon card approval

    • Can't Get Enough of Cashback?

    Explore other cashback credit cards with us, here on MoneySmart.

    Compare Cards

    How to Apply for HSBC Advance Credit Card?

    Here are 3 simple steps to apply for the HSBC Advance Credit Card:

    Step 1

    Apply for HSBC Advance Credit Card via MoneySmart


    Begin applying for the HSBC Advance credit card by clicking on the “Apply Now” button on this page.

    When you choose to apply online or through the HSBC mobile app and via SingPass MyInfo, HSBC will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.

    Step 2

    Provide all documentation required


    You’ll need to provide all the necessary documentation in order for HSBC to approve your credit card application. This list of documents include:
  • NRIC or other identification details
  • Last 3 months' computerised payslip
  • Latest 12 months’ CPF Contribution History Statement
  • Latest Income Tax Notice of Assessment (NOA)
  • Proof of billing address

    • Please refer to HSBC’s official website for more details.
    Step 3

    Receive your HSBC Advance Credit Card


    You’ll be able to activate your HSBC Advance Card instantly through the HSBC mobile app, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your cashback and other rewards with your HSBC mobile app!

    Frequently Asked Questions about HSBC Advance Credit Card

    Are there any fees if I apply for the HSBC Advance Credit Card?

    HSBC Advance credit card charges an initial annual fee of $196.20 (with first-year fee waiver available), and other fees like supplementary card annual fee, late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.

    Am I eligible for the HSBC Advance Credit Card?

    If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the HSBC Advance Credit Card, as long as you’re aged 21 and above, and earn a minimum annual income of $30,000-$40,000 (for Singaporeans and PRs) or $40,000 (for foreigners).